MAB Corporation expands healthcare precinct in Melbourne’s north
- MAB Corporation is announcing the development of 7 Ormond, a new two-level commercial building at University Hill
- The development provides 25 offices with sizes from 60m2, suitable for professional and medical consulting suites
- The $18million project will mark MAB Corporation’s sixth office building in the University Hill precinct
Melbourne, 22 March 2018: In response to the continued demand for high quality professional space in Melbourne’s booming northern corridor, MAB is bringing a new two-level commercial building to University Hill, 7 Ormond.
Situated on Ormond Boulevard, the stand-alone building provides 25 offices with sizes from 60m2, suitable for professional or medical consulting suites.
Andrew White, Director Commercial Projects at MAB Corporation, said the development would be suited to the growing number of medical and professional services in the area.
Since launching University Hill in 2006, MAB Corporation has transformed the precinct in Melbourne’s North into a bustling employment hub – creating diverse, innovative and efficient places for people to do business.
“The strength of University Hill has been its ability to attract a mix of commercial, retail and industry occupiers. In more recent years we’ve seen a high number of medical businesses establishing in the precinct because of its ideal proximity between the Austin and Northern Hospitals.
As MAB Corporation’s sixth office building in the precinct, the development includes state-of-the-art features such as: high speed fibre connections, secure car parking, air conditioning, kitchenettes, bicycle parking and shower facilities.
“With 7 Ormond, we’ve gone a step further by incorporating key sustainability and wellness initiatives. The building, designed by architects Watson Young, includes solar panels, large internal skylights, ambulance bay, highly accessible ground floor tenancies, and facilities tailored to office occupiers or medical professionals seeking to establish consulting suites”
With office vacancy rates in University Hill as low as 5.6 percent, 7 Ormond offers business owners a rare opportunity to secure a professional suite in one of Melbourne’s fastest growing regions.
Mr. White added: “When MAB Corporation commenced the University Hill project over a decade ago, we established a clear vision in collaboration with the City of Whittlesea to create a place where people can work close to where they live”. A strong focus on increasing the level of white collar employment in the local area has brought MAB’s vision of an integrated mixed-use community into a reality.
“A major draw for the precinct is its vibrant town centre with amenities including cafes, banking, shopping, childcare, full service gym as well as the growing health and wellbeing precinct. These benefits are why 155 businesses have already established at University Hill.
With yearly population growth of up to 5,000 residents within the City of Whittlesea, 7 Ormond offers an abundance of local amenity, transport connectivity, and located in close proximity of the precinct’s most trafficked thoroughfares, with over 140,000 vehicles passing each day.
Prospective occupiers can enquire now at 7ormond.com.au